Old Mutual South Africa (OMSA):
Old Mutual South Africa (OMSA) is a significant financial services provider in Southern Africa that offers a wide range of financial products and services, including investment, savings, life assurance, asset management, banking, property, and personal insurance. With operations across Africa, Europe, the Americas, and Asia, OMSA plays a vital role in the South African economy. The company’s strong operating performance, solid balance sheet, financial flexibility, and diverse business portfolio contribute to its reputation in the industry.
OMSA’s partnership with Nedbank and Old Mutual Insure allows them to provide various financial solutions to individuals, businesses, corporates, and institutions, including investment, life assurance, asset management, banking, healthcare, and general insurance.
Old Mutual Bursaries 2025-2026:
Actuarial Bursary: Old Mutual offers Actuarial Science bursaries for individuals who have a passion for numbers and aspire to become actuaries. The bursary covers studies at selected universities, including North-West University, University of Cape Town (UCT), University of Stellenbosch (US), University of the Witwatersrand (WITS), University of Free State (UFS), and University of Pretoria (UP).
This bursary package includes:
- Tuition fees
- Accommodation with meals
- General and book allowance
- Travel allowance
- Incentives for good performance
- Academic and emotional support
- Networking opportunities
- Vacation work from the second year
Upon graduation, bursary holders enjoy:
- Guaranteed employment after university
- One-on-one mentoring by experienced actuaries
- In-house rotation program for professional development
- Exposure to various fields and industry experts
Accounting Bursary: Old Mutual also provides accounting bursaries for those aspiring to pursue a career in Chartered Accounting. The bursaries cover full tuition costs at specified universities, along with residence fees and one return flight home each year for non-local students. Other benefits include vacation work, incentives for academic excellence, and book and general allowances.
Bursary holders commit to Old Mutual’s CA Training Programme and subsequent work at Old Mutual.
Bursary Requirements and Eligibility:
Actuarial:
- South African citizens
- Matric with an A in Mathematics (not Maths Literacy) and Bs in all other subjects
- Must study at specified universities
Accounting:
- South African citizens
- Matric with at least 70% or Level 6 in all subjects, including Mathematics (not Maths Literacy) and English
- Commitment to Old Mutual’s CA Training Programme and subsequent work
How to Apply and Application Details:
To apply for the Old Mutual Actuarial Bursary, visit the provided link.
To apply for the Old Mutual Accounting Bursary, visit the provided link.
Closing Date:
The application deadline for both bursaries is 31 July 2025-2026.
Contact Details:
For inquiries, contact:
- Tel: +27 (0)21 509 2656 / +27 (0)21 504 7285
